The Mercantile Investment Trust (LON:MRC) Hits New 1-Year High – Should You Buy?

Shares of The Mercantile Investment Trust plc (LON:MRC) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 263.50 and last traded at GBX 262.84, with a volume of 1961490 shares. The stock had previously closed at GBX 262.50.

The Mercantile Investment Trust Trading Up 0.2%

The company has a market capitalization of £1.81 billion, a PE ratio of 79.46 and a beta of 1.16. The firm’s 50-day simple moving average is GBX 251.91 and its 200-day simple moving average is GBX 251.21.

The Mercantile Investment Trust (LON:MRC) last issued its earnings results on Monday, October 20th. The investment trust reported GBX 5.66 EPS for the quarter. The Mercantile Investment Trust had a net margin of 94.67% and a return on equity of 20.56%.

Insiders Place Their Bets

In other news, insider Graham Kitchen purchased 10,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of GBX 253 per share, with a total value of £25,300. Also, insider Rachel Beagles purchased 10,771 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of GBX 247 per share, for a total transaction of £26,604.37. Over the last ninety days, insiders have acquired 50,771 shares of company stock valued at $12,600,437. 0.11% of the stock is currently owned by corporate insiders.

The Mercantile Investment Trust Company Profile

The Mercantile Investment Trust Approach

Expert market access

As one of the largest UK equity investment trusts and a history stretching back more than 130 years, The Mercantile Investment Trust enjoys a long and successful track record championing quality UK medium-sized and smaller companies.
Rigorous research

In a segment of the stock market that demands first-hand scrutiny, our disciplined research-based investment approach really sets us apart, providing exceptional access to a diversified portfolio of quality stocks with attractive long-term growth potential.
Focused on dividends

Our focus on quality companies with strong cash flows also helps to generate an attractive income for shareholders, with the opportunity to target annual dividend growth ahead of the rate of inflation.